(Before It's News)
MTECHTIPS MCX GOLD INTRADAY trading tips 13-02-2017
Gold is in perfect uptrend .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Gold Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 28918-28805-28766-28564-28421-27975-. Immediate resistance for Gold is 29532
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is in sideways and sellers was at high so for short term better buy above 29385.4 or hold with stop at 28925.0 The next resistance will be at 29414.0 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised only above 29385.4 with a stop at 29037.9 Below 28961.2 go for sell and put stop at 29308.4
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